02-18-2009
Russia, China sign $25 billion energy deal
Beijing signed a deal with Moscow Tuesday to lend $25 billion to two Russian oil firms, which in turn will sell 15 million tons of crude oil a year to China for the next 20 years.
The agreement will ensure the long-awaited extension of Russia’s Siberia-Pacific coast pipeline to China, too. The pipeline project, agreed on late last year, will see the extension of the pipeline from the Siberian city of Skovorodino, 70 km north of the Sino-Russian border, to China.
China will lend $15 billion to Russia’s state-owned oil firm Rosneft and $10 billion to pipeline monopoly Transneft. China Development Bank (CDB) provided the credit for the deal, according to the Associated Press (AP).
The Russian firms, on the other hand, will ensure China gets 300,000 barrels of crude a day for 20 years.
China and Russia signed seven agreements on energy cooperation package programs, Xinhua said, quoting a Foreign Ministry official.
The $25-billion deal is seen as a boost to Russian energy firms because the global financial crisis and a drastic drop in the crude prices have left them struggling to raise capital, AP said.
The agreement was signed by Vice-Premier Wang Qishan and Russian Deputy Prime Minister Igor Sechin in Beijing at the third round of energy talks between the two countries.
“We hope the two sides will give full play to the bilateral energy negotiation mechanism to promote bilateral energy cooperation,” Wang told Sechin.
Sechin replied that the two countries should intensify cooperation in fields such as energy and finance, and make joint efforts to guarantee that the agreed projects are implemented on time.
A memorandum of cooperation in the energy sector signed in Moscow in October said Transneft and Rosneft could get loans from China in exchange for long-term oil sales to Beijing. But the talks were suspended on November 12 because of divergence of views on lending rates and loan guarantees, industry insiders said.
Russia, the largest oil exporter after Saudi Arabia, is seeking to shift its exports focus from the West, and eyeing China as the main new market. Last year, trade between Russia and China increased 18 percent to $56.8 billion.
And Premier Wen placed cooperation in resources development on top of his five proposals on economic cooperation when he visited Russia last year.
The two countries have agreed to work jointly in oil production and processing, natural gas production and in chemical industries. They have agreed to expand cooperation in nuclear energy, too, including the construction of nuclear power plant in Tianwan, Jiangsu province, uranium mining, and post-processing of spent fuel.
Duration : 0:1:35
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Source: The Lewis Group – Global Energy Perspective
http://nsl.caltech.edu/energy.html
The Caltech page has Streaming Video and PDF files. My clip of the Q&A part of the presentation is a way to get Carbon Cap definition out. This is not smoke and mirrors. Do go to the above link and watch/listen carefully.
Thanks, dutch
Presentation Abstract
This presentation describes and evaluates the technical, political, and economic challenges involved with widespread adoption of renewable energy technologies.
First, we estimate the available fossil fuel resources and reserves based on data from the World Energy Assessment and World Energy Council. In conjunction with the current and projected global primary power production rates, we then estimate the remaining years of supply of oil, gas, and coal for use in primary power production. We then compare the price per unit of energy of these sources to those of renewable energy technologies (wind, solar thermal, solar electric, biomass, hydroelectric, and geothermal) to evaluate the degree to which supply/demand forces stimulate a transition to renewable energy technologies in the next 20-50 years.
Second, we evaluate the greenhouse gas buildup limitations on carbon-based power consumption as an unpriced externality to fossil-fuel consumption, considering global population growth, increased global gross domestic product, and increased energy efficiency per unit of globally averaged GDP, as produced by the Intergovernmental Panel on Climate Change (IPCC). A greenhouse gas constraint on total carbon emissions, in conjunction with global population growth, is projected to drive the demand for carbon-free power well beyond that produced by conventional supply/demand pricing tradeoffs, at potentially daunting levels relative to current renewable energy demand levels.
Duration : 0:9:11
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Phillipe Cousteau on Obama’s new initiative; potential environmental backlash
Duration : 0:5:6
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Modifications for testing gas production efficiency. Please visit my site http://alt-nrg.org/ for latest news.
Duration : 0:8:7
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The fourth in a multi-part series which discusses why our traditional view of cheap energy may be changing. This entry discusses how oil production shifted from the United States and a handful of major suppliers to a more plural global network.
For more information, check out my website:
http://www.econoutlook.com
And follow on Twitter:
http://twitter.com/econoutlook
Duration : 0:5:21
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Guy Caruso spent more than six years leading the Energy Information Administration under George W. Bush. Speaking with Clean Skies News’ Tyler Suiters, he says not to expect the newly opened OCS areas to produce significant BTU’s for another 5 to 7 years.
Duration : 0:3:19
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http://trade-technicals.blogspot.com
CHARTS used at
http://www.finviz.com
Duration : 0:11:35
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This is a palm seed biodiesel harvest. The seeds are pressed with a modified Taby Type 55. The oil is used in various diesel engines. I sell the oil press, which is also the first to extract oil from algae. Please contact me if you are interested in this project.
To see the extraction process, please see the response video “Palm Seed Oil BioDiesel Production.”
Duration : 0:2:1
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Leading economic expert Jim Rogers traveled to 150 countries over 150,000 miles in three years – follow his adventures here on FentonReport.
In this video Jim visits the Cabinda Province in Angola.
Copyright Jim Rogers, provided as a special contribution to FentonReport
Cabinda (also spelled Kabinda) is an State and province of Angola, a status that has been disputed by many political organizations in the territory. The capital city is also called Cabinda. The province is divided into four municipalities – Belize, Buco Zau, Cabinda and Cacongo.
Modern Cabinda results from the fusion of three kingdoms: N’Goyo, Loango and Kakongo. It is 7,823 km2 (3,020 sq mi) in area, and has a population of 264,584 (estimated in 2006). According to 1988 United States government statistics, the total population of the province was 147,200, with a near even split between total rural and urban populations. About one third of Cabindans are refugees living in the Democratic Republic of the Congo (DRC). It is separated from Angola by a narrow strip of territory belonging to the DRC, which bounds the province on the south and the east. Cabinda is bounded on the north by the Republic of the Congo, and on the west by the Atlantic Ocean. Adjacent to the coast are some of the largest oilfields in the world. Petroleum exploration began in 1954.
Cabinda produces hardwoods, coffee, cacao, rubber, and palm oil products. Petroleum production began in 1968, and now accounts for most of Angola’s production. Cabinda produces 700,000 barrels of crude oil per day. Cabinda Oil is associated with Sonangol, Agip Angola Lda (41%), Chevron (39.2%), Total (10%) and Eni (9.8%).
While the Angolan Civil War largely ended in 2002, an armed struggle persists in the exclave of Cabinda, where some of the factions have proclaimed an independent Republic of Cabinda, with offices in Paris. The Treaty of Simulambuco establishes in Cabinda a Protectorate of Portugal and many consider the occupation of the territory by Angola illegal.
Duration : 0:2:29
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Biofuel F-18 fighter jet – called the Green Hornet – will be flown for the first time on Earth Day. President Obama Opens Offshore Oil and Gas Drilling w New Bio Fuel Fighter jet at Andrews Air Force Base AFB Energy Security and Independence Defense Department has invested $2.7 billion this year alone to improve energy efficiency.
President Obama announces plans to open new offshore areas for oil and gas development in ways that protect the environment and as part of a larger strategy to ensure energy security and independence.
Duration : 0:13:39
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